Visa to Accept Four Stablecoins on Four Blockchains, Facilitate Fiat Currency Conversion

BlockBeats News, October 29th, according to TheBlock report, Visa will accept payments in four stablecoins on four separate blockchains, which can be converted into 2 target fiat currencies and can be converted back into over 25 traditional fiat currencies. Visa CEO McInerney revealed that stablecoin-related Visa card spending in the fourth quarter has quadrupled compared to the same period last year. Since 2020, Visa has facilitated over $140 billion in cryptocurrency and stablecoin flows, including users using Visa credentials to purchase over $100 billion in cryptocurrency and stablecoin assets.